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European Central Bank holds rates steady, gives no hint at cuts ahead - TL;DR CNBC

European Central Bank holds rates steady, gives no hint at cuts ahead

Publishing timestamp: 2024-01-25 11:27:59


Summary

The European Central Bank (ECB) has left interest rates unchanged at its January meeting. The central bank has flagged positive progress on inflation but has not indicated any plans for rate cuts, despite market expectations. The ECB is holding rates steady for the third straight meeting and will continue to be data dependent. The central bank is focused on bringing inflation down to 2% and is cautious about cutting rates too soon. The announcement reaffirms the ECB's reluctance to make cuts despite pressure to do so.


Sentiment: MIXED

Tickers: EUR=

Keywords: marketsbreaking news: europebusiness newseconomyeur/usd

Source: https://www.cnbc.com/2024/01/25/european-central-bank-holds-interest-rates-steady-for-third-meeting-in-a-row.html


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